Markets at new peak

After the worst performance in the last week, markets bounceback with a bang closing the week on a new high. The X-mas celebrations started on the Dalal street early on 23rd wherein the bulls bounces back in last two trading session after starting the week on a weak note. The Sensex ended the week 641 points higher. On the other hand, Nifty touched 18-month high level to closes at 5170 level.

The rally was majorly lead by the heavyweights that helped the BSE Sensex index to outpace the BSE small and mid-cap indices in terms of the performance. Such a performance by the 30-stock benchmark indices was owing to the Finance Minister signalling that the government wont be withdrawing fiscal stimulus yet and the optimism on the GDP growth that excited the markets.

In the next week, markets are expected to surge higher owing to the strong closing for this week. The global developments also needs to be seen for any further direction.